By EZEKIEL OBI, Abuja- The Nigerian Ports Authority (NPA) has set an ambitious revenue target of N1.28 trillion for 2025, representing a 40% increase from the N894.8 billion it realized in 2024. NPA Managing Director Abubakar Dantsoho revealed this during the 2025 budget defense session at the House of...
Economy
The Nigerian Communications Commission (NCC) has emphasized the crucial role of telecom services in ensuring national security, particularly in addressing issues that require effective communication. According to the Executive Vice-Chairman of NCC, Dr. Aminu Maida, achieving national security would be impossible without effective telecommunication. “Telecommunication services are now vital...
By DAVID IORJA, Abuja- Anambra State governor Chukwuma Soludo, has declared that President Bola Tinubu led administration salvaged Nigeria’s public finances from the brink of collapse. In an address delivered on June 12 at The Platform Nigeria, hosted by Pastor Poju Oyemade and The Covenant Nation, Governor Soludo praised...
By OLA MODUPE, Lagos- Minister of Budget and Economic Planning, Sen. Atiku Bagudu, has declared that President Bola Tinubu led administration has positioned the nation’s economy for sustained recovery and growth. “We’re not where we want to be, but these steps have turned the economy in the right direction,”...
By DANJUMA JOSEPH, Lafia- The Bishop of Lafia (Anglican Communion), Rt. Rev. Godwin Robinson, has called on President Bola Tinubu to address the root causes of insecurity and economic challenges facing Nigeria. Delivering the Bishop’s Charge at the 2nd session of the 9th Synod of the Diocese, Robinson emphasized...
Nigerian Exchange Group (NGX), on Tuesday, said policy inconsistency, currency woes must be tackled to achieve the Federal Government’s proposed $1 trillion economy. The NGX Chairman, Dr Umaru Kwairanga made the call while speaking with the News Agency of Nigeria (NAN) in Lagos. He said these were challenges that...
By HARUNA AHMED, Kano– Nigeria’s top leaders in business, policy, and development will gather in Kano on Thursday, June 5, 2025, for the next edition of the For The Love of The Country (FLOC) conference. This year’s theme, “Reimagining Nigeria’s Economy for a Prosperous Future: Where We Should Be...
Prof. Zainab Duke- Abiola, wife of late Chief MKO Abiola, has lauded President Bola Tinubu for his economic reforms, resulting in the repayment of $3.4 billion dollars debt owed to the International Monetary Fund (IMF). In a statement she personally signed on Friday, Duke-Abiola noted that the milestone had...
Finance Minister and coordinating Minister of the Economy, Mr. Olawale Edun, has charged the New Board of Directors of the Asset Management Corporation of Nigeria (AMCON), to speed up debt recoveries. The minister gave the charge on Wednesday in Abuja during the Inauguration of the New Board of AMCON....
The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements...
The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, on Monday said the ministry would contribute $100 billion to the Nigerian economy by 2030. Musawa said this while briefing State House Correspondents at the end of sixth the Federal Executive Council (FEC) meeting of the year...
The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the ongoing IMF/World Bank 2025 Spring Meetings in Washington, D.C. The...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that the Federal Government’s economic reforms will foster long-term resilience aimed at lifting millions of Nigerians out of poverty. Edun said this during the ongoing International Monetary Fund (IMF)-World Bank 2025 Spring Meetings in...
The International Monetary Fund (IMF) on Tuesday lowered its global economic growth forecast for 2025 to 2.8 per cent. Predicting the wave of tariffs and uncertainty unleashed by U.S. President Donald Trump will lead to a worldwide economic slowdown. The IMF revised its projection of 3.3 per cent forecast...
Group Managing Director, United Bank for Africa (UBA), Mr Oliver Alawuba, has said Nigeria requires a double-digit Gross Domestic Product (GDP) growth to achieve the projected one-trillion dollar economy target by 2030. Alawuba made this remark on Monday in Abuja, at the ongoing 36th Edition of the Finance Correspondents...
The Director General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, has said the N5.51 trillion pension investment will boost the country’s real sector development. This is contained in a statement issued by the management of the commission in Abuja on Tuesday. The investments, she said, span infrastructure,...
Many residents of the Federal Capital Territory (FCT), have continued to lament about the harsh economic policies which they say is impacting their livelihoods negatively. . They spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja. NAN reports that Nigerians have been expressing discontent over the...
Egypt is stepping up diplomatic engagement with African nations as it seeks to bolster security in the strategically vital Horn of Africa and Red Sea region. Ongoing conflicts in the region have sharply cut into Egypt’s crucial Suez Canal revenues. The diplomatic effort comes as Egypt grapples with a...
First Bank of Nigeria Ltd. has projected steady economic growth for the nation in 2025. The bank said that this projection is due to the bold economic reforms implemented in 2024, including the removal of fuel subsidies. Chief Executive Officer (CEO), FirstBank Group, Mr Olusegun Alebiosu, stated this in...
The Chairman of Oyo State Christian Association of Nigeria (CAN), Apostle Joshua Akinyemiju, has urged the Federal Government to implement business-friendly policies to grow the nation’s economy in 2025. Akinyemiju gave the advice in his New Year message made available to the News Agency of Nigeria (NAN) in Ibadan...